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Old 01-09-2025 | 06:37 AM
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Originally Posted by PineappleXpres
Not in Property tax, Home owners insurance, car insurance, sales tax, toll fees/car registration, and health care insurance gaps. That’s mostly in reference to FL. Commuting costs thanks to delayed upgrade, missed premium, redundancies (beater car, crash pad, extra eating out), and more time missed at home for the actual commute will all result in a net loss over the 3.5% income tax. The spreadsheet doesn’t lie.
TX falls into that also. Property taxes in TX are horrible.
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Old 01-09-2025 | 07:04 AM
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Originally Posted by FangsF15
My thoughts exactly. They get you one way or another.
And some states you think would be cheaper, aren't.

Move from VA to NJ.
My property tax, on my house went up. That's it. Everything else went down.

Income tax, effective rate lower (not by much, but 5.6% vs 5.85%)
Property tax on the house, about double as a percentage. ($6k on a house that I sold for $600k, NJ $20k on a $1.1M house)
Not paying $10,000 in taxes on vehicles I already paid tax on when I bought them. City of VA Beach was getting $5000 for my pickup, $2800 for my wife's Expedition, $1100 for my airport beater (25 year old pickup), $1500 for my camper, $300 for one motorcycle, $400 for another motorcyle.

I'm actually paying about $1145 a year less in taxes, in total here in NJ. But I have a much larger, much nicer house, on 9 acres vs my 1400sqft 3/2 brick ranch on 1/4 acre.

If I had gotten a comparable house, it would have been far cheaper.

And yeah, TX really gets you on property taxes. I've had more than a few friends/relative go there, buy something, then start freaking out because the ISD, MUD and other taxes go up as neighborhoods get built out.
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Old 01-09-2025 | 07:37 AM
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Originally Posted by CX500T
And some states you think would be cheaper, aren't.

Move from VA to NJ.
My property tax, on my house went up. That's it. Everything else went down.

Income tax, effective rate lower (not by much, but 5.6% vs 5.85%)
Property tax on the house, about double as a percentage. ($6k on a house that I sold for $600k, NJ $20k on a $1.1M house)
Not paying $10,000 in taxes on vehicles I already paid tax on when I bought them. City of VA Beach was getting $5000 for my pickup, $2800 for my wife's Expedition, $1100 for my airport beater (25 year old pickup), $1500 for my camper, $300 for one motorcycle, $400 for another motorcyle.

I'm actually paying about $1145 a year less in taxes, in total here in NJ. But I have a much larger, much nicer house, on 9 acres vs my 1400sqft 3/2 brick ranch on 1/4 acre.

If I had gotten a comparable house, it would have been far cheaper.

And yeah, TX really gets you on property taxes. I've had more than a few friends/relative go there, buy something, then start freaking out because the ISD, MUD and other taxes go up as neighborhoods get built out.
yeah people tend to point to state income tax as the be all end all. It gets complicated when you start trying to figure out your total tax burden. The state will get their pound of flesh,

however I can guarantee you that ones yearly difference will be entirely covered by a last minute 2 day captain GS which one will be able to do because they’re not a commuter and are living in a “high tax” domicile and can drive a couple hours to work.
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Old 01-09-2025 | 09:32 AM
  #34  
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Originally Posted by PineappleXpres
Not in Property tax, Home owners insurance, car insurance, sales tax, toll fees/car registration, and health care insurance gaps. That’s mostly in reference to FL. Commuting costs thanks to delayed upgrade, missed premium, redundancies (beater car, crash pad, extra eating out), and more time missed at home for the actual commute will all result in a net loss over the 3.5% income tax. The spreadsheet doesn’t lie.
Can’t speak to a resell, but I bought a new construction and insurance is about $1100/yr on a 1750 sq ft 3/2.5 home. Property taxes is about $3500/yr. As far as tolls, it’s negligible depending where you live. Maybe $50/yr for the average person? Car registration isn’t terrible. About $70 for 2 year expiration. Car insurance is heavily dependent where you live in the state. Not sure where FL stacks up against other states tho. I know TX was cheaper in this regard, but that’s about it for me.

I’ve lived in Texas and annual savings were underwhelming in certain categories. Even got priced out of buying a house due to property taxes being so high there.
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Old 01-09-2025 | 11:22 AM
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Originally Posted by Dynamiterabbit
Ohio has one of the lowest top marginal tax rates in the country (3.5%). Are there other taxes you’re talking about? (I’m not from Ohio, just curious)
A lot of places in Ohio have a local tax ~2.5%. I paid more in taxes in Ohio than I did in Mass (very close).
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Old 01-09-2025 | 12:59 PM
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Originally Posted by Extenda
yeah people tend to point to state income tax as the be all end all. It gets complicated when you start trying to figure out your total tax burden. The state will get their pound of flesh,

however I can guarantee you that ones yearly difference will be entirely covered by a last minute 2 day captain GS which one will be able to do because they’re not a commuter and are living in a “high tax” domicile and can drive a couple hours to work.
Oh, like the 6 day RES GS to Africa? That paid 31:30 over guarantee, then I used the banked PB days to drop/get paid for another 45ish hours? Yeah, that $26k paid my property tax for the year and then some.
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Old 01-09-2025 | 02:06 PM
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Originally Posted by SoFloFlyer
Can’t speak to a resell, but I bought a new construction and insurance is about $1100/yr on a 1750 sq ft 3/2.5 home. Property taxes is about $3500/yr. As far as tolls, it’s negligible depending where you live. Maybe $50/yr for the average person? Car registration isn’t terrible. About $70 for 2 year expiration. Car insurance is heavily dependent where you live in the state. Not sure where FL stacks up against other states tho. I know TX was cheaper in this regard, but that’s about it for me.

I’ve lived in Texas and annual savings were underwhelming in certain categories. Even got priced out of buying a house due to property taxes being so high there.
Are you northern FL? That house insurance is cheap cheap!
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Old 01-09-2025 | 02:33 PM
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Originally Posted by checkgear
Are you northern FL? That house insurance is cheap cheap!
It’s in the Central Florida area, I was shocked too! Heard some nightmare stories regarding insurance. I’m definitely lucky
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Old 01-09-2025 | 02:34 PM
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Originally Posted by checkgear
Are you northern FL? That house insurance is cheap cheap!
I lived in FL for about 25 years and my family just sold their last two houses there. Depending on where you live, the insurance can range from not too bad to insanely expensive. Wind and storm insurance has made living on the coast pretty rough. If you don't need a separate wind and storm policy or can self insure, it's not bad.
I loved living there and embrace being a true Florida man, but it's lost almost everything that made it a great place to live outside of a few areas in the panhandle and big bend.
As far as taxes go, though, I don't think you can beat living there. No income tax, sales tax is comparable to most other areas, and property tax is within the norm. You kind of get what you pay for though, especially in central, west, and south Florida where it has become so overcrowded it's insane and infrastructure, schools, and services just haven't grown to meet the demand.
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Old 01-09-2025 | 03:18 PM
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Originally Posted by SoFloFlyer
It’s in the Central Florida area, I was shocked too! Heard some nightmare stories regarding insurance. I’m definitely lucky
I’m close to MCO, property tax is $8.8k and insurance is $3.5k.

I’m a little jealous haha…
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